We expect ES to trend upwards later today. Based on these past Euro Area Consumer Confidence Flash news events there is a 83.33% chance of this. We expect this to happen if the released value is < -16.8. A price movement of 4187 pips is expected. Historical events that allowed us to draw this conclusion
23 Jan 15:00 |
20 Dec 15:00 |
22 Sep 14:00 |
20 Jul 14:00 |
22 Jun 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
